Tokyo's Nikkei Rallies as U.S. Judge Blocks Trump Tariffs
(MENAFN) Tokyo's stock market surged on Thursday, with the Nikkei index closing at its highest point in three months. The rally followed a significant U.S. court decision that struck down a key portion of President Donald Trump’s tariff agenda, alleviating concerns over a potential global economic downturn.
Japan’s key equity gauge, the 225-issue Nikkei Stock Average, jumped 710.58 points, or 1.88 percent, to end the session at 38,432.98—its strongest close since February 21.
The broader Topix index also climbed, rising 42.51 points, or 1.53 percent, to settle at 2,812.02.
Market sentiment improved after the U.S. Court of International Trade determined that Trump lacked authority to enforce certain tariffs under emergency powers. This included the so-called reciprocal tariffs. Analysts noted that the ruling boosted optimism that such trade measures might now pose less of a threat to the global economy.
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